760 ILCS 3/1306

Current through Public Act 103-1052

Section 760 ILCS 3/1306 - Presumption of unlimited authority

Subject to Section 1308, and unless the terms of the instrument creating a power of appointment manifest a contrary intent, the power is:

(1) presently exercisable;

(2) exclusionary; and

(3) except as otherwise provided in Section 1307, general.

760 ILCS 3/1306

Added by P.A. 101-0048,§ 1306, eff. 1/1/2020.